An item is sold for $65.00 giving the retailer a profit of 30% of the cost. What will be the new retail price if the retailer cuts his profit to 10% of costs?
Created: 6 years ago |
Updated: 2 years ago
best des
when sp 130 then cp 100
when sp 1 then cp. 100/130
When Sp 65 then cp 100*65/130
So Cp = 50
Therefore the new retail price = 50 + 50*10% = $55
ans:$55
Md Azizur Rahman
Founder of Satt
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